Over the last 40 years, director/producer/studio head Roger Corman has made a name for himself as a creator of inventive genre films that cost obscenely little to make, due in part to extensive use of stock footage rather than costly and time-intensive location shooting. True to form, The Haunted Sea, which Corman executive-produced for his New Horizons studio, makes canny use of stock footage, using it almost exclusively for exterior shots, allowing all interior footage of the film—which is supposed to take place upon the high seas—to be shot in what appears to be the basement of an apartment building. The Haunted Sea stars pneumatic starlet Krista Allen, best known for her acclaimed performance as the large-breasted woman in the elevator in Liar Liar, as a neophyte sailor whose ship encounters a much larger, mysteriously abandoned ship, the entire crew of which has been slaughtered by a mythic beast. Allen, abetted by first mate Joanna Pacula and a crew of crusty character-actor types, soon discovers a massive booty of stolen Indian treasures, which bear a horrible curse upon whomever encounters them. Sure enough, the plucky seagoers are soon chased by a less-than-horrifying monster, which resembles a midget trapped inside a cheap, store-bought dinosaur costume. Surprisingly enough, given The Haunted Sea's cheap, unconvincing creature work, the film is remarkably competent, aided by a relatively strong cast, professional if unremarkable direction by Dan Golden, and a mercifully brief running time of only 73 minutes. While not particularly frightening or clever, it's at least a lasting testament to the remarkable thrift and monetary ingenuity of the folks over at the New Horizons stable.